FanDuel is changing leadership at the top. After five years as FanDuel chief executive officer, Amy Howe is leaving the company. Christian Genetski, the current FanDuel President, will step in as the new CEO. Peter Jackson, Flutter Entertainment CEO, made the announcement during the company’s Q1 earnings call.
The move comes as Flutter reported 17% revenue growth year-over-year. U.S. revenue reached $1.76 billion, up 6%. The restructuring aims to sharpen focus on the U.S. sportsbook business while linking it more tightly to international operations.
Leadership Transition at FanDuel
Amy Howe joined in 2021. Peter Jackson thanked her for her contribution to both Flutter and FanDuel. He recognized the impact she has had on the business since joining in 2021. The company wishes her success in the future.
Christian Genetski takes over. Peter Jackson called him an exceptional leader. Genetski has been instrumental in scaling the business to its current number one position in the market.
Dan Taylor, current CEO of Flutter International, will assume the newly created role of President of Flutter Entertainment. He will take on oversight of the FanDuel business in addition to his existing responsibilities.
These changes will sharpen focus on U.S. sportsbook. They will strengthen the connection between U.S. and international operations. They will fully leverage the group’s expertise and strategic ambition.
U.S. Performance Shows Mixed Results
In Q1, U.S. revenue grew to $1.76 billion. That is an overall increase of 6%. Sportsbook revenue was up 1% year-over-year. iGaming revenue increased by 19%.
Sportsbook currently holds a 39% gross gaming revenue share in the U.S. market. iGaming holds a 19% gross gaming revenue market share. These are strong positions after years of investment.
Adjusted EBITDA came in at $199 million in Q1. That is a 26% reduction year-over-year. The drop follows sports betting investments in Arkansas and investments in FanDuel Predicts.
International revenue reached $2.54 billion in Q1. That represents a 27% increase year-over-year. Overall, Flutter Entertainment revenues increased by 17% to $4.3 billion in Q1 compared with $3.66 billion in Q1 2025.
Peter Jackson described the Q1 performance as encouraging. He pointed to positive signs from the U.S. sportsbook improvement plan. Performance was ahead of expectations in March.
FanDuel Predicts and the Regulatory Uncertainty
FanDuel has continued to push into prediction markets with its FanDuel Predicts product. Revenues in Q1 were modest. The product still offers an attractive, incremental opportunity to acquire customers ahead of sports betting legalization in new states.
FanDuel Predicts was expanded nationwide with sports contracts available for trading in 18 non-sportsbook states. Those include California, Texas, and Florida.
Flutter continues to expect between a $250 million to $300 million investment in FanDuel Predicts throughout the year. That is real money being put behind the product even while revenues remain modest.
When asked about the legal questions surrounding prediction markets, Peter Jackson said the company will live with this uncertainty until the Supreme Court ultimately makes a decision on who regulates the markets. He added that he is excited about the incremental opportunities this presents.
This is where the risk sits. Prediction markets sit in a gray zone. Regulatory clarity could accelerate growth. Prolonged uncertainty could force operators to dial back or restructure the offering. FanDuel is betting that the customer acquisition upside justifies the investment in the meantime.
What the Numbers Actually Say
The U.S. business remains the growth engine. 17% group revenue growth is solid. The 1% sportsbook revenue increase looks soft on its own but sits inside a mature market where FanDuel already holds the top spot. iGaming’s 19% lift shows where the faster growth lives today.
The 26% EBITDA decline is the clearest signal that costs are still running hot. Investments in new states and in prediction markets are not yet paying back at scale. The March performance being ahead of plan offers some encouragement, but one month does not make a trend.
Eighteen years on bookmaker trading floors taught me that leadership changes like this are rarely just about one person. They reflect a recalibration of priorities. Here the priority is clear: protect the U.S. sportsbook moat, keep iGaming momentum, and decide how much capital to keep feeding into prediction markets while the rules remain unclear.
The Bottom Line
The leadership shift at FanDuel is a pragmatic move to tighten execution on the U.S. sportsbook while Peter Jackson and Dan Taylor coordinate global resources. Christian Genetski inherits a strong market position but also the challenge of reversing the EBITDA pressure without sacrificing the prediction markets experiment. The data shows a business that is still growing revenue but paying for it in margin. How Genetski balances those tensions over the next twelve months will say more about the next phase of U.S. sports betting than any single product launch. The operator who gets the focus right now will carry the clearest edge into the back half of 2026.
